Siler City, NC Profile: Facts & Data

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Siler City, North Carolina - Basic Facts

The Town of Siler City had a population of 7,537 as of July 1, 2023. Siler City ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in North Carolina. See peer rankings below.

The primary coordinate point for Siler City is located at latitude 35.7235 and longitude -79.4622 in Chatham County. The formal boundaries for the Town of Siler City encompass a land area of 5.99 sq. miles and a water area of 0.02 sq. miles. Chatham County is in the Eastern time zone (GMT -5).

The Town of Siler City has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Town of Siler City is located within Township of Matthews, a minor civil division (MCD) of Chatham County.


Jump to... (On This Page!)
  1. Siler City 2023 Demographic Data
  2. Growth Rates for Siler City (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. North Carolina Research Tools (Easy Tools & Current Data)
  3. North Carolina Data Comparison Tool - 2023 Demographics
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Siler City, NC Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 7,537 (100%)
Population in Households 7,340 (97.4%)
Population in Families 6,121 (81.2%)
Population in Group Quarters1 197 ( 2.6%)
Population Density 1,246
Diversity Index2 86
 
 

INCOME

Median Household Income $36,686
Average Household Income $64,797
% of Income for Mortgage4 22%
Per Capita Income $22,980
Wealth Index5 49
Socioeconomic Status Index6 Low (34.2)
 

HOUSING

Total HU (Housing Units) 2,894 (100%)
Owner Occupied HU 1,488 (51.4%)
Renter Occupied HU 1,181 (40.8%)
Vacant Housing Units 225 ( 7.8%)
Median Home Value $136,364
Average Home Value $177,823
Housing Affordability Index3 108
 

HOUSEHOLDS

Total Households 2,669
Average Household Size 2.75
Family Households 1,857
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population -0.66% -0.15%
Households -0.31% 0.09%
Families   0.16%
Median Household Income   6.23%
Per Capita Income   3.97%
Owner Occupied HU   0.58%

Siler City, NC - Peer Comparisons by Rank and Percentile

The table below compares Siler City to the other 776 incorporated cities, towns and CDPs in North Carolina by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 127 84th
Population Density # 143 82nd
Median Household Income # 674 13th
Housing Affordability Index # 347 45th
Per Capita Income # 648 17th
Diversity Index # 4 100th

Additional comparisons and rankings can be made with a VERY EASY TO USE North Carolina Census Data Comparison Tool.

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